Sunday, August 22, 2021

Near Term Bullish Factors For Crypto Market加密货币市场的近期看涨因素

Bitcoin dropped from April high of nearly 65000 down to 28600 in June. After consolidating between 28600 to 40000 for nearly 2 1/2 months, it finally broke out and is trading near 50000 now. Bitcoin has risen 75% since June 2021 low. It is looking likely it is ready to burst over 50000 any time now. Once this happens, next resistance is 55000. All time high is in the card once 55000 is broken. The following factors are behind Bitcoin's recent bullish move:

。German makes moves toward greater crypto adoption by allowing institution funds to hold up to 20% in crypto assets.

。Prominent financial institutions offer a range of crypto-focused financial offerings include JP Morgan, Morgan Stanley, Goldman Sachs, Bank of America , Wells Fargo and BNY Mellon. A growing list of wealth management companies such as Clear Prospective Advisors and Ancora Advisors have been acquiring sizable sums of Grayscale's Bitcoin Trust (GBTC).  Asset management firm Neuberger Berman wants to invest 5% of their assets under management on cryptos. These are signs that there are growing demand for cryptos among institutional players. 

。 Continue supports from corporations such as Microstrategy, Tesla, Galaxy Digital Holdings and Voyager Digitals. 

。 In addition to buying Grayscale Bitcoin Trust (GBTC) and Coinbase (Coin), Bitcoin bull Cathie Wood is to offer a Bitcoin ETF if approved. So far there are 8 Bitcoin ETF Applications in progress in the US. 

。Global cryptocurrency adoption among individual investors has risen significantly over the past year, according to Chainalysis, a blockchain data firm. Global crypto adoption rose roughly 881% in the last year.

。On August 21, the Call-to-Put Ratio stood at 2.01. Data reflected the 115,843 BTC call options stacked against the 57,742 put options. Clearly, calls dominated puts by almost 50%. This is a bullish sign.

。Ethereum's (ETH) London hard fork upgrade on August 5, 2021 also served to push the overall crypto market higher. Ethereum Improvement Proposals (EIPs). EIPs 1559, 3554, 3529, 3198 and 3541 are code upgrades that aim to improve the Ethereum network's user experience, value proposition and more.  EIP1559 makes Ether scarer over time. The Ethereum network has burned over 73784 Ether since the hard fork and is burning 3.76 ETH every minute. ETH has risen 85% since July low of 1720.

Some ways to participate on the crypto market in the stock market are : Trusts: GBTC, ETHE, GDLC, Stocks:MARA, HUT, MSTR, SI, SQ











比特币从2021年 4 月的高点近 65000 跌至 6 月的 28600。在 28600 至 40000 之间盘整了近 2 1/2 个月后,它终于突破了,现在交易在 50000 附近。自 2021 年 6 月的低点以来,比特币已上涨 了75%。现在看起来很可能随时突破 50000。一旦突破,下一个阻力是 55000。假如 55000 被击穿,历史新高在望。以下是比特币近期看涨走势的背后因素:


。德国通过允许机构基金持有高达 20% 的加密资产,朝着更广泛的加密采用迈进。

。著名金融机构提供一系列以加密货币为重点的金融产品,包括摩根大通、摩根士丹利、高盛、美国银行、富国银行和纽约梅隆银行。越来越多的财富管理公司,如 Clear Prospective Advisors 和 Ancora Advisors,一直在收购大量灰度的比特币信托 (GBTC)。资产管理公司 Neuberger Berman 希望将其管理资产的 5% 投资于加密货币。这些迹象表明机构参与者对加密货币的需求不断增长。

。比特币继续得到Microstrategy、Tesla、Galaxy Digital Holdings和Voyager Digitals等企业购买的支持。

。除了购买Grayscale Bitcoin Trust(GBTC)和Coinbase(Coin),比特币大牛Cathie Wood还将提供比特币ETF,如果获得批准的话。到目前为止,美国有 8 个比特币 ETF 申请正在进行中。

。据区块链数据公司 Chainalysis 称,过去一年来,个人投资者对全球加密货币的采用显着增加。去年,全球加密货币采用率增长了约 881%。

。8月21日,比特币看涨期权/看跌期权比率为2.01。数据反映了 115,843 个 BTC 看涨期权与 57,742 个看跌期权的叠加。显然,看涨期权几乎占看跌期权的 50%。这是一个看涨信号。

。以太坊 (ETH) 于 2021 年 8 月 5 日的伦敦硬分叉升级也推动了整体加密市场走高。以太坊改进提案(EIPs), EIP 1559、3554、3529、3198 和 3541 是系统升级,旨在改善以太坊网络的用户体验、价值主张等。随着时间的推移,EIP1559 使 Ether 减小。自从硬分叉以来,以太坊网络已经燃烧了超过 73784 个 ETH,并且现在已每分钟燃烧 3.76 个 ETH进行。自 7 月低点 1720 年以来,ETH 已上涨 85%。

在股票市场上参与加密市场的一些方法是: 信托:GBTC、ETHE、GDLC,股票:MARA、HUT、MSTR、SI、SQ

















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